Cardamom prices were down by 0.28% to Rs 922 per kg in futures trade today as speculators booked profits at prevailing higher levels. Besides, adequate stocks in the physical market on increased arrivals from producing belts against subdued demand put pressure on cardamom prices.
At the Multi Commodity Exchange, cardamom for delivery in far-month October declined by Rs 2.60, or 0.28%, to Rs 922 per kg in business turnover of 2 lots. Likewise, the spice for delivery in September contracts traded lower by Rs 2.50, or 0.27% to Rs 935.10 per kg in 85 lots. Market analysts said the persistent fall in cardamom futures was mostly attributed to profit-booking by speculators at existing higher levels and subdued demand in the spot market
At the Multi Commodity Exchange, cardamom for delivery in far-month October declined by Rs 2.60, or 0.28%, to Rs 922 per kg in business turnover of 2 lots. Likewise, the spice for delivery in September contracts traded lower by Rs 2.50, or 0.27% to Rs 935.10 per kg in 85 lots. Market analysts said the persistent fall in cardamom futures was mostly attributed to profit-booking by speculators at existing higher levels and subdued demand in the spot market
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